EASYOFFICE

Capital Gain Tax

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 November 2010 Mr. X owned 80% shares of a closely held company. now he is selling his shares. Can he avail the benefit of tax exemption if he want to invest in another capital asset.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
16 November 2010 Tax exemtpion iwll be avaible only if investment made in bonds u/s 54EC & flat u/s 54F if sale is of shares held for more tan one year.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links